Industrialize your statutory reporting to the banking regulator

Robust technology is at the heart of the successful transition to XBRL in European supervisory reporting, but people are key in bringing the overall project to fruition at regulated firms.

Invoke XBRL solutions for COREP and FINREP have been designed by pragmatic engineers that always position end-user requirements and usability at the very top of the development check-list.

The resulting technology is cutting-edge, bringing the best of the XBRL standard to the finger-tips of end-users at client firms, while masking the underlying technical complexity so that business-users can focus on the content and quality of their COREP and FINREP reports.

Invoke understands that COREP and FINREP reporting in XBRL does not exist in a vacuum and that it must integrate seamlessly with legacy infrastructure and work-flow processes.

A primary characteristic of all Invoke solutions is that they are generic and taxonomy-driven, making them inherently agile and flexible; no hard-coding or specific development is required to implement scalable XBRL reporting platforms for COREP and FINREP.

Invoke is a premier provider of cutting-edge regulatory reporting solutions for COREP and FINREP, and one of a very small number of technology companies worldwide that have bona fides expertise and experience in XBRL.

It is no accident that Invoke is the trusted XBRL solution provider to major supervisors such as the European Banking Authority (EBA), Banque de France-ACP and the Deutsche Bundesbank, as well as international groups in the banking and insurance sectors such as Crédit Agricole, Danske Bank, CNP Assurances, Groupama and Danica Pension.

Press Release

Working closely with our member banks, we know through first-hand experience just how important it is to have access to an intrinsically flexible system, both in terms of data integration and for internal reporting purposes.

Olaf Spliid - Chief Financial Officer and Head of IT Security at Bankdata

Since the publication of the finalized CRD IV Package in the Official Journal on 27 June 2013, the European Banking Authority (EBA) now has a clear timeline for managing the unenviable task of getting Europe’s 8,300 credit institutions and 32 National Competent Authorities (NCAs) to all ‘speak the same language’.